NVR, Inc. (NYSE:NVR) Shares Sold by Marshfield Associates

Marshfield Associates decreased its position in shares of NVR, Inc. (NYSE:NVR) by 27.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,616 shares of the construction company’s stock after selling 9,103 shares during the quarter. NVR comprises approximately 4.9% of Marshfield Associates’ portfolio, making the stock its 12th biggest holding. Marshfield Associates’ holdings in NVR were worth $231,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers lifted its position in NVR by 113.0% in the first quarter. Cetera Investment Advisers now owns 196 shares of the construction company’s stock valued at $1,588,000 after buying an additional 104 shares during the last quarter. Cetera Advisors LLC acquired a new position in NVR in the first quarter valued at about $421,000. Czech National Bank lifted its position in NVR by 7.1% in the second quarter. Czech National Bank now owns 601 shares of the construction company’s stock valued at $4,561,000 after buying an additional 40 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in NVR by 15.8% in the second quarter. Sequoia Financial Advisors LLC now owns 44 shares of the construction company’s stock valued at $334,000 after buying an additional 6 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in NVR by 13.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 119 shares of the construction company’s stock valued at $903,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $9,113.42 on Tuesday. The firm has a market capitalization of $27.89 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.92 and a beta of 1.18. NVR, Inc. has a 52 week low of $6,452.58 and a 52 week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $9,323.87 and its two-hundred day moving average is $8,719.17.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company posted $125.26 earnings per share. NVR’s revenue was up 6.6% compared to the same quarter last year. Research analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.

Insider Activity at NVR

In other news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 in the last quarter. Company insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on NVR shares. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. UBS Group boosted their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Bank of America cut their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.